5 SUEVBY OF CURRENT BUSINESS February 1972 * In January: Employment continued to expand • 9 Billion $ 1,150 1,100 950 The unemployment rate was virtually unchanged at 5.9 percent Number <strong>of</strong> workers on nonfarm payrolls increased 240,000 TOTAL PRODUCTION THE LABOR MARKET CURRENT DOLLAR GNP** , .' ''- ; -' -- ' ' - " * . . ' • ' - . • •• - "' .- * ; ' '• : *"-*',* - ''." 1,050 Total sf V*^- Final Sales Inventory Change A 1,000 S- ^f Billion $ 40 30 20 10 0 Billion! 850 800 750 700 650 #T I 1 CURRENT DOLLAR GNP** (Change From - Previous Quarter) Percent 15 10 5 0 -5 Total^ J|t| > s \ ii i f ill Million Persons Percent 89 86 83 80 77 CIVILIAN LABOR FORCE AND EMPLOYMENT* ; ~ /~**s*S** vS^*^ i i i i i i it i i i ,-,.'• • - - ' - , - , ', ' - •' - Labor Force ./* «*JSV Employment „,* .....,~^ •/',.• •'- 1 1 1 1 t t 1 1 1 1 1 Quarterly (IV) BEA Monthly (Jan.) BLS — ' .':',- 5 - - — 5 - '.' ' • |-*-Final Sales 5 • ' • • |t''§, _• : ' : -- If i Percent Percent 8 6 4 2 UNEMPLOYMENT RATE* _ Total +* ' *> At*X^\/^>' ••" 0 "^T Quarterly (IV) BEA Monthly (Jan.) BLS j JCONSTINT DOLLAR (19§8);»** • iiiiii....'ffy.**^ — - f Inventory Change '= 1 1 1 °\ -»^' ^f^ Final Sales t r t ii i i CONSTANT DOLLAR (1958) GNP** (Change From Previous Quarter) Total jg-.- Final Sales t- -,. ; ' : • .i: , ~ \J: .^ /^ — .***** •»**** ' ' Married Men , \ , •''/':''.- Million Persons Billions 1967=100 76 72 68 64 60 NONFARM ESTABLISHMENTS _ Employment* (left scale) _ -, i i i i i ! i r J i i •..^•••*"y**— ' Man^-Hours** (right scale) 1 1 1 M i i 1 1 1 1 , ' ' • : ' ' - 1 ' : *•— '_ 1 1 1 1 1 1 1 1 1 1 1 Quarterly (IV) BEA Monthly (Jan.) BLS P§X ; '' -••'!' \ - V ' 1 il ' " E IL J E EH II • - i 16 12 8 4 0 16 12 8 160 140 150 130 140 120 130 110 120 100 Hours Dollars 1967=100 45.0 42.5 40.0 07 K J/.O 35.0 PRODUCTION OR NONSUPERVISORY WORKERS (PRIVATE) Average Hourly Earnings /•-••* (right scale) / — '* \ X'"*** : ~ ***** • ; •••** Average . .••"*""* Weekly Hours* (left scale) * ^ "^~>— » . i i i i i 1 i i i i i 1 1 1 1 i 1 ! 1 1 f 1 •. - i i i i i 1 i i : i i 3.75 125 3.50 120 3.00 110 2.75 105 - ' -'•• '• :•• PRICES | V-nA-\l\B O c IMPLlCltPRfCEiDEFLflQR FORGNP*^:/ : ; (Change From Previous Quarter) ;;; *"'•' ' : >: '• :. -.""' ; . ' ' - - ' - , , ; • ^^ • II - -;- - ' / ,'" - , III, Quarterly (IV) CHAIN PRICE INDEX FOR GNP** (Change From Previous Quarter) - ._.- ' ' : .''• '' •;-, /'" CONSUMER PRI ' ; - '",*'' — ~ , -- c ;,- '" ' : «.'..'• .--, '; , --/;',: : .' Mill 1 1 I 1 II ' •"' •: * ,- ;- . ~ ;•'•';_ :;,;/- ; •-; '.-'- , /^. , , III! 4 '- •'.- 0 III, '•' '' ••' 7 Quarterly (IV) BEA : ;;'vf- Totei-,-; ' ; ' ^" i "/*""''. fietail Food* BEA r » i ill i i r i i It i t r n iri i i Monthly (Dec.) - • • ' ' - • , *, , WHOLESALE PRICES j \ = .-' ' ' -' '- ~" '-'--,-; -; ' • _ '__ , - " \ '-''-, • - - ;; ,\^ -, : • --;,,,._: BLS -,'';"';; -. •V - ' -- Farm Products Total 3.25 115 _ Processed Foods >^i,.l,J and Feed$x^^ ^er\^l . _ •*•"* /* / : "- jtlisr W' '' Vi^. ; ', ^-^^ "'"Industrial Commodities i 1 1 i i i i 1 1 1 1 1970 1971 ' 1972 BEA 1970 1971 1972 BLS 1970 Quarterly (IV) Monthly (Jan.) * Seasonally Adjusted * * Seasonally Adjusted at Annual Rates U.S. Department <strong>of</strong> Commerce, <strong>Bureau</strong> <strong>of</strong> <strong>Economic</strong> <strong>Analysis</strong> ', •••' • 1 1 1 1 1 1 1 1 1 1 1 1971 Monthly (Dec.) i i r i i 1 i i i t i 1972 BLS
February 1972 SURVEY OF CUREENT BUSINESS • In January: Personal income rose $7|4 billion ® Domestic-model auto sales rate increased sharply to 8 3 4 million units • Private housing starts rose further to a 2 !4 million unit rate INCOME OF PERSONS CONSUMPTION AND SAVING FIXED INVESTMENT Billion $ Billion $ 950 /DO , PERSONAL INCOME** / , PERSONAL CONSUMPTION EXPENDITURES** AND PERSONAL SAVING RATE* 900 r- ' . ' >— . . ; - 700 --\ ,,-,/* ' • - ' \f ' '' : . 850 800 750 fsf**'^ - -, • -Jl ' • ', - - -. ' ..- JT-* ' • : ' " ' ' -J^^ : V .. . '' "' i'l'I 1 i I M t 1 | 1 ! 1 M 1 1 1 | I t M 1 I 1 M 1 1 M Monthly (Jan.) BEA BNHon $ Billion! Billion $ ODU 600 550 500 450 WAGES AND SALARIES** , V ; (left scale) j^v-^ "" ^******* Manufacturing , •" -^,; (right scale) «— .^-«^^' - .....— .jL*-
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